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Midday update for the GBPUSD 20-10-2022
The GBPUSD pair keeps its stability below the broken support of the bullish channel, to keep the bearish trend scenario valid for today, supported by moving below the EMA50, waiting to head towards 1.1055 followed by 1.0920 levels that represent our next main targets, reminding you that it is important to hold below 1.1240 to continue the expected decline.
The expected trading range for today is between 1.1100 support and 1.1260 resistance.
The expected trend for today: Bearish
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Midday update for the EURUSD 20-10-2022
The EURUSD pair shows some bullish bias to test the key resistance 0.9790, and as we mentioned this morning, holding below this level is required to keep the bearish trend scenario active for today, supported by stochastic head to lose the positive momentum gradually, waiting to resume the bearish bias that its first main target located at 0.9700.
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